Through this new service, homeowners intending to sell their flats can list their properties for sale on the HDB platform independently, without relying solely on real estate agents. This initiative provides sellers with more autonomy and flexibility, enabling them to directly connect and negotiate with potential buyers.

The process is straightforward: sellers only need to upload photos and a brief description of their flats on the platform to list their properties. Once the advertisements are published, potential buyers can schedule viewings through the platform. This allows buyers to conveniently browse and select homes that meet their needs, empowering them to make informed purchasing decisions.

Jansen Tan, Director of Resale Operations at HDB, believes that the introduction of this new service will greatly enhance the home-buying experience for purchasers. He noted that it allows buyers to gain a comprehensive understanding of housing options available in the market, enabling them to compare information on new and resale flats and consider factors such as flat types and monthly mortgage payments to make wiser decisions. Additionally, housing advertisements posted on the HDB platform undergo scrutiny to ensure the accuracy and reliability of information, providing buyers with a trustworthy source of information.

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The service will be rolled out in two phases. Initially, HDB will invite eligible sellers and designated real estate agents to test the functionality of the service. Subsequently, HDB will officially launch the service, allowing prospective buyers to search for resale flats and conduct transactions on the platform.

Sellers wishing to list advertisements for sale on the HDB platform must have a valid intention to sell, while buyers need to obtain a HDB Flat Eligibility (HFE) letter to access the full functionality of the service. In addition to benefiting buyers and sellers, this new service will also provide advantages to real estate agents, offering them an additional platform to better serve their clients and provide value-added services such as budget planning and purchasing advice.

To ensure that listed prices align with market values, the platform will monitor prices and alert sellers when their asking prices exceed a certain percentage above market rates. This helps ensure fairness and transparency in transactions.